PARAP 0820
State: NTPosiProp AI Investment Summary
PARAP (NT 0820) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.2% and has experienced a 12-month capital growth of Up 12.9%, with a median house buy price of $985,000. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.
Market Yield & Price Indices
–
$810,000
$1,025,000
$985,000
Suburb Market Profile
Last month Parap had 17 properties available for rent and 17 properties for sale. Median property prices over the last year range from $985,000 for houses to $445,000 for units. If you are looking for an investment property, consider houses in Parap rent out for $850 PW with an annual rental yield of 5.2% and units rent for $623 PW with a rental yield of 6.9%. Parap has seen an annual compound growth rate of 12.9% for houses and 3.5% for units.